Question
Arms and Armour, a British manufacturer of medieval swords and armour has just released data about its most popular sword, the Beowulf. Below is information
Arms and Armour, a British manufacturer of medieval swords and armour has just released data about its most popular sword, the Beowulf. Below is information about the inputs and outputs for the Beowulf.
Units sold | 1,221 | ||
Sale price each | $ | 1,704 | |
Total labor hours | 46,555 | ||
Wage rate | $ | 13 | /hour |
Total materials | $ | 61,000 | |
Total energy | $ | 4,005 | |
|
Calculate the productivity in sales revenue/labor expense.
Arms and Armour has also released information about it Scottish dagger.
OUTPUT | INPUT | |||
49,500 daggers | Production time | 632 | labour hours | |
Sales price: $3.50 per unit | Wages | $ | 7.50 | per hour |
Raw materials (total cost) | $ | 30,000 | ||
Component parts (total cost) | $ | 15,350 | ||
|
Mr. Macbeth, the CEO, wants to know:
a. Total Productivity in units sold per dollar of input
b. Total Productivity in dollars of sales per dollar input. (Do not round intermediate calculations. Round your answers to 2 decimal places.)
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